Economy
COVID-19 sped up digitalisation, innovation in Hong Kong: survey
COVID-19 sped up digitalisation, innovation in Hong Kong: survey
Some businesses are confident that their business will soon recover.
Labour market remains 'austere' in June-August
F&B unemployment rate remained high at 14.4% during this period.
GDP shrunk 8.1% in Q2
Total income earned by residents fell 7.5%.
Hong Kong eases social distancing measures from 28 August
Cinemas, beauty parlors and selected outdoor outdoor sports premises will reopen.
Hong Kong hailed as 4th priciest market in Asia for hiring expats
The average cost of employing a mid-level expatriate worker in the region is at $2.23m.
Inflation down 2.3% in July
The government’s payment of public housing rentals dragged it down.
China vows to support Hong Kong as a financial hub
The CBIRC assures that Hong Kong’s standing will not weaken.
Jobless rate dipped to 6.1% in May-July
It eased in the information and communication, professional and business services sector.
GDP shrinks 9% in Q2
Private consumption expenditure fell 14.2% during the period.
Export volume down 6.2% in H1
Total exports continued to decline for the fourth-straight month in June.
PMI further contracted to 44.5 in July: IHS Markit
New orders, input prices and business confidence deteriorated at a quicker rate.
Hong Kong's retail sales slip 24.8% in June
The decline softened as the local epidemic abated during the month.
GDP sinks 9% in Q2
Private consumption expenditure continues to counter the growing public consumption.
Exports down 1.3% in June
Exports to major markets outside Asia saw double-digit decline.
Hong Kong recovery may take longer than expected, Chan says
He once again urged landlords to offer tenants rental concessions to ride out the impact.
Unemployment widens to 6.2% in Q2
Underemployment rate similarly inched up to 3.7%.
Inflation edged up 0.7% in June
The relaxed spike in June was due to the moderated price increases in pork.
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